The U.S. job market continues to reshape after suffering the unprecedented challenges and fear brought forth by the COVID-19 outbreak. The Great Resignation persists with Americans quitting their jobs in higher numbers than ever before, leading to a fluctuating job market composed of employers hurrying to meet the demands of job seekers. For those considering reentering the workforce or wanting to make a career change, there has never been a better time to engage in an active job search as companies are increasing flexibility, pay and benefits to attract quality talent and account for an imbalance in labor supply and demand.
Job Market Trends for 2022
A competitive employee’s market should continue throughout 2022, which consistently prompts employers to increase salaries, increase flexibility and maintain attractive benefits. A recent PwC survey reported that companies are ensuring a competitive edge with hybrid work options (30% even making remote work a permanent option), increasing career advancement, and increasing compensation. With companies planning to raise pay by 3.4% to attract qualified candidates, potential applicants will reap the benefits of this war for talent, resulting in more attractive pay and strengthened employee leverage while negotiating salaries.
Competition will continue to lead companies to put their best foot forward, and not just in an increase of salary. Beyond pay, employers are providing candidates more value in their compensation package with benefits such as growth opportunity, work-life balance and even employee health programs. This allows candidates to be more selective while making a career change in ensuring their dream job checks off more boxes than before.
The ability to be selective applies not only to benefits, but to positions as well. With a high demand for labor and low supply of workers, companies are becoming more flexible in who they are willing to consider when filling open positions. For candidates who have been prevented from breaking into their dream industry due to not possessing sufficient experience or certifications for the job, now is the time to take that leap as the barrier of entry is more likely to be negotiable. For candidates with transferrable experience who can prove they are fit for the job and willing to put in the work to obtain necessary skills, the current market may be more friendly in pursuing new industries than before.
Why You Should Apply Now
In this market, we are seeing an uptick in the number of open positions across all industries. A high volume of open roles and variety of opportunities available ensures job seekers are more likely to be met with companies that align with their values and preferences, as they are provided with the ability to be more selective when deciding on pursuing a career change. This growth of potential opportunities, combined with a movement towards more enticing benefits such as remote work options, create a desirable outlook for job seekers this year. This is the optimal market for candidates to apply for the Accounting & Finance position they’ve been working towards. Now more than ever companies are ensuring job seekers’ needs will be met, as the current war for talent proves experienced candidates are worth fighting for.
Wanting to make a career change or searching for employment opportunities in Dallas? Work with a recruiter who truly cares about assisting you in achieving your goals and uncovering the opportunities of your dreams. Ascension Search Partners take a personalized approach in your job search to connect you with employers and coach you through reaching your career aspirations. Contact our Dallas Recruiting Firm or call us at 214-501-1040 to discuss your specific needs.
About Ascension Search Partners
Boasting more than 50 years of combined recruitment experience, we know what it takes to deliver the right talent. Ascension Search Partners was founded on the belief that talent acquisition is a true business partnership, and we believe search partners should offer extensive market and functional knowledge, with an in-depth, consultative approach.
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The U.S. job market continues to reshape after suffering the unprecedented challenges and fear brought forth by the COVID-19 outbreak. The Great Resignation persists with Americans quitting their jobs in higher numbers than ever before, leading to a fluctuating job market composed of employers hurrying to meet the demands of job seekers. For those considering reentering the workforce or wanting to make a career change, there has never been a better time to engage in an active job search as companies are increasing flexibility, pay and benefits to attract quality talent and account for an imbalance in labor supply and demand.
Job Market Trends for 2022
A competitive employee’s market should continue throughout 2022, which consistently prompts employers to increase salaries, increase flexibility and maintain attractive benefits. A recent PwC survey reported that companies are ensuring a competitive edge with hybrid work options (30% even making remote work a permanent option), increasing career advancement, and increasing compensation. With companies planning to raise pay by 3.4% to attract qualified candidates, potential applicants will reap the benefits of this war for talent, resulting in more attractive pay and strengthened employee leverage while negotiating salaries.
Competition will continue to lead companies to put their best foot forward, and not just in an increase of salary. Beyond pay, employers are providing candidates more value in their compensation package with benefits such as growth opportunity, work-life balance and even employee health programs. This allows candidates to be more selective while making a career change in ensuring their dream job checks off more boxes than before.
The ability to be selective applies not only to benefits, but to positions as well. With a high demand for labor and low supply of workers, companies are becoming more flexible in who they are willing to consider when filling open positions. For candidates who have been prevented from breaking into their dream industry due to not possessing sufficient experience or certifications for the job, now is the time to take that leap as the barrier of entry is more likely to be negotiable. For candidates with transferrable experience who can prove they are fit for the job and willing to put in the work to obtain necessary skills, the current market may be more friendly in pursuing new industries than before.
Why You Should Apply Now
In this market, we are seeing an uptick in the number of open positions across all industries. A high volume of open roles and variety of opportunities available ensures job seekers are more likely to be met with companies that align with their values and preferences, as they are provided with the ability to be more selective when deciding on pursuing a career change. This growth of potential opportunities, combined with a movement towards more enticing benefits such as remote work options, create a desirable outlook for job seekers this year. This is the optimal market for candidates to apply for the Accounting & Finance position they’ve been working towards. Now more than ever companies are ensuring job seekers’ needs will be met, as the current war for talent proves experienced candidates are worth fighting for.
Wanting to make a career change or searching for employment opportunities in Dallas? Work with a recruiter who truly cares about assisting you in achieving your goals and uncovering the opportunities of your dreams. Ascension Search Partners take a personalized approach in your job search to connect you with employers and coach you through reaching your career aspirations. Contact our Dallas Recruiting Firm or call us at 214-501-1040 to discuss your specific needs.